Major U.S. stock indexes veered lower in late-afternoon trading Tuesday, on course for their first decline in two days. Traders seized on the final day of the quarter to do some profit-taking and prune their portfolios. Health care stocks were among the biggest decliners. Oil prices extended their slide.

Charter buying Bright House for $10.4 billion is the latest big deal in the pay-TV industry.
Companies want to merge as costs for channels like ESPN have shot up, while their video subscribers have dipped and online video providers like Netflix become...

Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Movado Group Inc. (MOV), up $2.89 to $28.52
The luxury watch maker reported better-than-expected fourth-quarter profit and raised...

Stamford-based Charter Communications Inc. is buying fellow cable operator Bright House Networks LLC in a deal valued at $10.4 billion.
Charter is the fourth-largest cable operator in the U.S, while Bright House is the sixth largest.
The business will...

An industry expert said a series of cable mergers and acquisitions has left the market in fewer hands, just as it needs to embrace innovation.
On Tuesday, Bright House Networks, the major provider for Internet and cable television in Orlando and Tampa...

Charter Communications has structured a $10.4-billion deal to buy Bright House Networks -- the latest domino to fall in a rapidly consolidating cable television and Internet service landscape.
Bright House Networks is the nation's sixth-largest cable operator, with about 2.5 million subscribers, including in the fast-growing regions of Tampa and Orlando, Fla. The company also serves Bakersfield, Calif., and other communities in the Midwest and Southeast.
The complicated transaction, announced Tuesday,...

Here are your stories for Tuesday in Central Florida: Rolling Stones coming to Orlando; Bright House cable being bought; Mother's milk bank opening; and officials finally addressing dangerous streets near UCF.
1. The Rolling Stones will play a concert at the Orlando Citrus Bowl on June 12, Mayor Buddy Dyer confirmed at a press conference Tuesday morning, calling the British rockers the "world's greatest rock and roll band."
2. According to reports, Charter Communications has bought Bright House...

Charter Communications Inc. is buying fellow cable operator Bright House Networks LLC in a deal valued at $10.4 billion.
Charter is the fourth-largest cable operator in the U.S, while Bright House is the sixth biggest with customers in Florida, Alabama, Indiana, Michigan and California. The Bright House transaction would make the new company the second-largest U.S. cable operator.
The deal comes as cable operators are scrambling to consolidate amid growing competition from non-cable programming...

Charter Communications, Inc. Photos

PHILADELPHIA Michael Angelakis, the top Comcast Corp. executive who headed the negotiations for NBCUniversal and Time Warner Cable Inc., will leave his post to head a new Comcast-controlled company that will invest in growth-oriented companies.
The new company will be capitalized at $4.1 billion with Comcast as the only nonmanagement investor. The company will launch this year or in early 2016 with Angelakis investing $40 million of his money into the venture, according to a filing with the Securities...

Time Warner Cable consistently has acknowledged that it is incurring financial losses from its deal to distribute the Los Angeles Dodgers television channel.
The New York cable giant two years ago entered into a 25-year contract with team owners Guggenheim Partners to carry the channel, SportsNet LA. The contract is valued at $8.35 billion over the life of the deal, according to the team and Major League Baseball.
Time Warner Cable had anticipated that other pay-TV companies would pony up and carry...

The Oregon Senate expects to vote Tuesday on a bill giving tax breaks to Internet providers and companies that own data centers, the measure's sponsor said Monday.
The bill is a response to an Oregon Supreme Court decision last year that led to substantial increases in the property tax bills for telecommunications companies. The decision threatened to halt the rapid growth of data centers, primarily in central and eastern Oregon.
The Legislature will follow up later with a new bill to fix provisions...